New SABMiller president for Latin America appointed

SABMiller has appointed Karl Lippert as its new president of Latin America, following the announcement of Barry Smith’s retirement.

Smith served the group for 26 years and was a member of the SABMiller executive committee for five years.

Lippert, who will take up the presidency and membership of the executive committee on January 1 2011, is currently president of Bavaria SA in Colombia.

Graham Mackay, chief executive of SABMiller, said: “I am confident that Karl, an experience and respected SABMiller manager, will continue to drive our business in the region, and deliver further value enhancing growth.”